Relating to the premium rate setting authority of the State Accident Insurance Fund Corporation.

Permits State Accident Insurance Fund Corporation to evaluate risk corporation has insured for employers during past three years and reduce premium corporation charges employer to reflect reductions or mitigations in risk that result from agreement between employer and corporation. Permits corporation to specify in agreement with person that owns new business or that assumes ownership of existing business conditions under which corporation will charge person reduced premium rate for probationary period during which corporation evaluates person's adherence to terms of agreement.